Demographics

Oct. 23, 2019

5 Reasons to Consider Living in a Multigenerational Home

 

Did you know that 1 in 6 Americans currently live in a multigenerational household?

According to Generations United, the number of multigenerational households rose from 42.4 million in 2000 to 64 million in 2016. The 2018 Profile of Home Buyers and Sellers from the National Association of Realtors ...

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Oct. 15, 2019

Be on the Lookout for Gen Z: The Next Generation of Homebuyers

 

Gen Zers are the next generation of homeowners, and they’re eager to jump in and buy their first homes. Whether you are part of this generation or any other, it’s never too early to start saving, so you can reach your homeownership goal sooner rather than later.

You’ve likely ...

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Oct. 9, 2019

Homeownership is the Top Contributor to Your Net Worth

 

Recently two U.S. Census Bureau researchers released their findings on the biggest determinants of household wealth. What they found may help shape your view on building your family’s net worth.

Many people plan to build their net worth by buying CDs or stocks, or just having a savings ...

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Sept. 11, 2019

Millennial Buying Power Poised to Boost Homeownership

 

In a recent article by Realtor Magazine, Mark Fleming, Chief Economist of First American Financial Corporation, notes,

“The largest group of millennials by birth year will turn 30 in 2020, which puts them entering their prime homebuying years”.

The article continues to describe how millennials have more buying-power than ...

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Aug. 21, 2019

Seniors Are on the Move in the Real Estate Market

 

Did you know August 21st is National Senior Citizens Day? According to the United States Census, we honor senior citizens today because,

 “Throughout our history, older people have achieved much for our families, our communities, and our country. That remains true today and gives us ample reason…to ...

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Aug. 5, 2019

Millionaire to Millennials: The Costly Mistake of Not Buying Now

 

On his personal website, self-made millionaire David Bach makes a striking statement:

Not prioritizing homeownership is the single biggest mistake millennials are making.”

He further stated, “Buying a home is an escalator to wealth.”

Bach explains:

“Young adults in particular aren’t hopping on this escalator, and ...

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July 12, 2019

Is Your First Home Now Within Your Grasp?

Some Highlights:

  • According to the US Census Bureau, “millennials” are defined as 18-36-year-olds.
  • According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 32.
  • More and more “old millennials” (25-36) are realizing that homeownership is within their grasp now!

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July 2, 2019

Millennials Are Increasing the Demand for Condominiums

 

When deciding to buy a home, people are presented with many different options. The type of home you buy depends on your needs, budget, and in many cases, the desired maintenance level. For many millennials, their choice has been buying a condominium!

According to CoreLogic,

Last year about ...

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June 28, 2019

Americans Rank Real Estate Best Investment for 6 Years Running!

Some Highlights:

  • Real estate has outranked stocks/mutual funds, gold, savings accounts/CDs, and bonds as the best long-term investment among Americans for the last 6 years.
  • Stock owners are more positive about real estate than stocks as an investment.
  • Of the 4 listed, real estate is the only investment ...
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June 20, 2019

Young First-Time Buyers Are Saving for Their Dream Homes

 

Young buyers (Millennials & Gen Z) have waited longer than previous generations to enter the housing market for their first home. However, this hasn’t stopped them from dreaming about the home they will eventually buy. Many spend hours searching listings and building Pinterest boards of their favorite home features ...

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